Megaproject Management: Lessons on Risk and Project Management from the Big Dig
10.190 kr.
Lýsing:
Written by the former Deputy Counsel and Risk Manager for the Big Dig from 1996 to 2005, Virginia Greiman, this book describes the numerous risks faced by the project manager and the lessons learned that have never before been written about despite the huge volume of news articles and reports that have been published on the Big Dig. New insights based on excerpts of interviews offer new perspective on the challenges and accomplishments of the Big Dig, and separates this book from other texts in the field.
Annað
- Höfundur: Virginia A. Greiman
- Útgáfa:1
- Útgáfudagur: 2013-06-10
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- Format:Page Fidelity
- ISBN 13: 9781118418871
- Print ISBN: 9781118115473
- ISBN 10: 1118418875
Efnisyfirlit
- Title Page
- Copyright
- Contents
- Author's Perspectives
- Acknowledgments
- Introduction to This Book
- Overview
- Key Concepts and Objectives
- Transparent Frameworks
- Organizational Structure
- Financial Structure
- Governance Structure
- Shared Values
- Collaborative Partnerships
- Pedagogy
- Cultural and Ethical Awareness
- Skill Building
- Course Structure
- Overview of Course Chapters
- References
- Chapter 1 Introduction to Megaprojects and the Big Dig
- Introduction
- Why Study Megaprojects?
- 1. Delivery of Lessons from Practice
- 2. Advancement of Knowledge and Innovation
- 3. Projects as an Engine for Economic Development
- 4. Global Expansion and Improvement of Societal Benefits
- 5. Fulfilling the Growing Need for Major Investment in Transportation and Energy
- 6. Improving Transparency and Oversight
- Projects, Programs, and Portfolios
- Megaprojects: The Literature
- Megaprojects in the United States
- Megaprojects around the World
- Characteristics of Megaprojects
- 1. Long Duration
- 2. Scale and Dimension
- 3. Type of Industry and Purpose
- 4. Design and Construction Complexity
- 5. Sponsorship and Financing
- 6. Life Cycle
- 7. Long, Complex, and Critical Front End
- 8. High Public Profile
- 9. Public Scrutiny
- 10. Pursuit of Large-Scale Policy Making
- 11. Project Delivery and Procurement
- 12. Continuity of Management
- 13. Technological and Procedural Complexity (Urban Design)
- 14. Organizational Structure
- 15. High Degree of Regulation
- 16. Multiple Stakeholders
- 17. Dynamic Governance Structures
- 18. Ethical Dilemmas and Challenges
- 19. Consistent Cost Underestimation and Poor Performance
- 20. Risk Management in Complex Projects
- 21. Socioeconomic Impacts
- 22. Cultural Dimension
- 23. Systems and Methodology Complexity
- 24. Environmental Impact
- 25. Collaborative Contracting, Integration, and Partnering
- Megaproject Framework
- 1. Project Management in Practice
- 2. Project Management Strategies
- 3. Project Management Theory
- Lessons Learned
- Summary
- Ethical Considerations
- Discussion Questions
- References
- Chapter 2 History and Financing of the Big Dig
- Introduction
- The Vision
- The Pressing Need for the Big Dig
- Planning the Big Dig
- Engineering of the Big Dig
- Innovation and Problem Solving
- 1. Immersed Tubes
- 2. The Fort Point Channel
- 3. The Casting Basin
- 4. The Slurry Walls:
- 5. Cable-Stayed Bridge
- The Most Important Benefits of the Big Dig
- 1. Environmental Mitigation
- 2. Expansion of the Shellfish Population
- 3. Creation of Open Space
- 4. Reduced Traffic Congestion
- 5. Technology Transfer Program
- 6. Growth of Small, Women-, and Minority-Owned Businesses
- 7. Worker and Safety Innovations
- 8. National and International Recognition for Technological Advancement
- The Financing of Megaprojects
- Public-Private Partnerships
- 1. Structuring a Public-Private Partnership
- 2. The Big Dig: Public Finance
- 3. Eurotunnel: Private Finance
- 4. The Mozal Project: Public and Private Finance
- 5. Lessons Learned
- 7. The Big Dig Funding Plan
- Major Sources of Big Dig Funding
- 1. Federal Grant Anticipation Notes (GANs)
- 2. General Obligation Bonds (GOBs)
- 3. Transportation Infrastructure Fund (TIF)
- 4. Massachusetts Port Authority Bond Anticipation Notes (BANs)
- 5. Massachusetts Turnpike Authority (MTA)
- Big Dig Revenues by Source, Dollar Amount, and Percentage of Total Funding
- The Real Cost of a Megaproject
- Lessons Learned
- Summary
- Ethical Considerations
- Discussion Questions
- References
- Chapter 3 Stakeholders
- Introduction
- Defining the Stakeholder
- Stakeholder Principles
- Project Stakeholder Framework
- Steps in Stakeholder Framework Development
- Building the Relationship with Stakeholders
- Stakeholder Structures
- Role of the Stakeholder
- Stakeholder Management on the Big Dig
- The Big Dig’s Key Stakeholders
- Conflicts of Interest among Internal Stakeholders
- Multiple Roles of Project Owners and Sponsors
- Multiple Roles of the Management Consultant (Consultant)
- Stakeholder Concerns and Mitigation Tools
- Corporate Responsibility Initiatives
- Stakeholder Participation
- Communicating with Stakeholders
- Communication Model
- Communication of Financial Information on the Big Dig
- Key Lessons Learned about Stakeholder Management on the Big Dig
- Summary
- Ethical Considerations
- Discussion Questions
- References
- Chapter 4 Governance
- Introduction
- What Is Governance?
- Project Governance
- Multiple Governance Structures as a Dynamic Regime
- Developing a Megaproject Governance Framework
- Projects as Temporary Institutional Structures
- Governance Framework Development: Five-Step Process
- Step 1: Defining the Project’s Governance Structures
- Step 2: Planning and Defining Roles and Responsibilities
- Governance as Decision Making
- Governance Escalation at the Big Dig
- Governance Issues for Decision
- Step 3: Implementing the Governance Architecture
- Step 4: Measuring Performance of the Governance Framework
- Step 5: Optimizing the Governance Structure
- The Challenges of Implementing Project Governance Frameworks
- 1. Reconciling Project Authority with Corporate Power
- 2. Problems of Multiple Governance Regimes
- 3. Symptoms of Ineffective Project Governance: Root-Cause Analysis
- 4. Trust and Governance
- 5. Ethics and Governance
- 6. Whistle-blowers
- 7. Corporate Social Responsibility
- Lessons from Practice: The United Kingdom's T5 New Product Delivery Project
- Lessons Learned
- 1. Strategically Plan Governance
- 2. Appoint an Independent Advisory Board
- 3. Manage the Interfaces between Governance Structures
- 4. Measure Performance of the Governance Framework
- 5. Ensure a Mechanism to Maintain Institutional Memory
- Summary
- Ethical Considerations
- Discussion Questions
- References
- Chapter 5 Megaproject Scope Management
- Introduction
- 1. Scope and the ``Triple Constraint''
- 2. Defining the Scope on a Megaproject
- Scope in Relation to the PMBOKR Guide
- Scope Elements
- 3. The Project Organization: Scope Controls Program
- Contract Procurement and Administration
- The Project Controls Programs
- 4. The Technical Scope Statement (TSS)
- 5. Project Work Breakdown Structure (WBS)
- The Work Breakdown Structure
- Hierarchical Levels of Control and Reporting
- 6. Scope Evolution and Scope Creep
- Design Development
- Scope Creep
- 7. The Specification Management Plan
- Specification Problems and Solutions
- 8. Scope Change and Verification
- 9. The Top Ten Scope Control Tools
- A. Controlling Requirements Errors
- B. Design to Budget
- C. Cost Recovery
- E. Early Identification and Project Trend Analysis
- F. Claims Avoidance Program
- G. Partnering and Alternative Disputes Resolution Program
- H. Value Engineering (VE)
- I. VE Program—Proposals from Design Consultants
- J. Value Engineering Change Proposal Program (VECP)—Proposals from Contractors
- Lessons Learned
- Summary
- Ethical Considerations
- Discussion Questions
- References
- Chapter 6 Schedule
- Introduction
- Schedule-Driven projects
- The Big Dig's Timeline: A Long and Winding Road
- Schedule Management Philosophy
- Major Phases of Project Delivery
- The Planning Stage
- Perceptions of Stakeholders on Approaches to Reduce Highway Project Completion Time
- Fast-Tracking
- Impact of Design Development on Schedule
- Schedule and Cost Integration
- Schedule Controls Plan
- Critical Path Method (CPM)
- Critical Risk Exposures (CREs)
- Time Control Processes
- Tracking Schedule Progress
- Time Control Programs and Reports
- Project Delays
- Schedule Recovery
- Extension of Schedule
- The Big Dig Lessons from Practice: Calculating Delay Costs-Bottom Up
- Comparison of Delay versus Recovery Costs
- Incentives as Tactics for Keeping on Schedule
- FHWA Policy on Incentives
- Incentive Models for Megaprojects
- Liquidated Damages
- Lessons Learned
- Summary
- Ethical Considerations
- Discussion Questions
- References
- Chapter 7 Cost History
- Introduction
- Megaproject Cost Estimation Research
- Cost Growth History on the Big Dig
- 1. Changes in Preliminary Concept and Design Development
- 2. Subsurface Conditions
- 3. Schedule Delays
- 4. Inflation
- 5. Potential Change Allowance (PCA)
- 6. Cost Accounting History and Political Realities
- The Big Dig Cost Construction Summary
- Lessons Learned
- Summary
- Ethical Considerations
- Discussion Questions
- References
- Chapter 8 Cost Management
- Introduction
- 1. The Project Budget Process and Cost History
- 2. Cost Centers
- 3. Cost Management Team
- 4. Data Resources
- 5. Cost Control Tools
- A. Design Evolution
- B. Finance Plan
- C. Project Management Monthly (PMM)
- D. Budget, Cost Commitment, and Forecast Report
- E. Earned Value Methodology
- F. Mitigation
- G. Variance Reports
- H. Bottom-up Assessment of To-Go Project Costs
- I. Contingency Funding as a Means of Control
- J. Potential Change Allowance (PCA)
- K. Management Reserves
- L. Independent Outside Audits
- M. Claims and Changes
- N. Cost Recovery
- O. Cost and Schedule Containment Initiatives
- P. Value Engineering and Value Engineering Change Proposal Programs
- Q. Owner-Controlled Insurance Program
- 6. Strategies to Address Cost Escalation
- Lessons Learned
- Summary
- Ethical Considerations
- Discussion Questions
- References
- Chapter 9 Megaprojects and Megarisk
- The Role of Risk Management on Megaprojects
- Risk Management Framework: A Shared Vision of Risk
- The Development of a Risk Model
- Step 1: Risk Identification
- Step 2: Risk Assessment
- Step 3: Develop Risk Response Strategies
- Step 4: Allocate Risk
- Step 5: Monitor and Control Risk
- Step 6: Document Lessons Learned
- Step 7: Identify Opportunities and Implement Best Practices
- The Broad Context of Risk for the Big Dig
- Mission
- Risk Management Organization
- Risk Strategy
- Step 1: Big Dig Risk Identification
- Step 2: Big Dig Risk Assessment
- Key Factors in Risk Assessment at the Big Dig
- Step 3: Big Dig Risk Response
- Step 4: Big Dig Risk Allocation
- Step 5: Monitoring and Controlling Risk at the Big Dig
- Step 6: Document Lessons Learned
- Step 7: Identify Opportunities and Implement Best Practices
- Lessons Learned
- Summary
- Ethical Considerations
- Discussion Questions
- References
- Chapter 10 Quality Management
- Introduction
- What Is Quality?
- Elements of Quality Management
- Planning for Quality: Philosophy
- Quality Control: Measures Product to Determine It Meets Standards
- Continuous Improvement
- Quality Programs at the Big Dig
- 1. Quality Program Considerations
- 2. Governance and Organizational Integration
- 3. Independent Quality Assurance Oversight and Continuous Improvement
- 4. Quality Planning for the Big Dig
- 5. Allocation of Responsibility
- 6. Quality Assurance for the Big Dig
- 7. Quality Control Requirements
- 8. The Deficiency Report
- 9. Materials Controls
- 10. Value Engineering Change Proposal (VECP) Program
- 11. Case Studies on Quality Assurance and Control
- Lessons Learned
- Summary
- Ethical Considerations
- Discussion Questions
- References
- Chapter 11 Building a Sustainable Project through Integration and Change
- Introduction
- Project Integration versus Collaboration
- The Relationship between Project Integration and Change Management
- Managing Change in Projects
- Dimensions of Integration and Change Management
- Integration of Project Delivery
- Configuration Management: Project Delivery Systems
- The Big Dig’s Delivery Approach
- Integrated Project Organization
- Innovative Process and Program Integration and Sustainability at the Big Dig
- 1. Integration through Partnering
- 2. Stakeholder Integration
- 3. Integrated Change Control
- 4. Integrated Audit and Oversight
- 5. Integration through a Centralized Dispute Resolution Process
- 6. Integrated Project Teams
- 7. Integration of Underground Utility Protection
- 8. Integration of Project Contracts
- 9. Integration of Risk Management
- 10. Integrated Budget and Finance Plan
- Structuring the Change Process
- 1. Identify the Problem
- 2. Identify the Behaviors That Are Causing the Problem
- 3. Identify the Barriers to Change and the Root Causes of the Failure to Change
- 4. Develop a Plan to Eliminate the Barriers and Incentivize the Responsible Parties That Can Influen
- 5. Implement the Change
- 6. Monitor and Control the Change That Has Been Made
- 7. Enforce the Contract or Policy Change
- Lessons Learned
- Summary
- Ethical Considerations
- Discussion Questions
- References
- Chapter 12 Leadership
- Introduction
- What Is Leadership?
- Characteristics of Effective Leadership
- Leading Diverse Cultural Environments
- Leadership Styles
- Leadership for the Five Stages of Program Management
- Ten Important Lessons on Leadership from the Big Dig
- 1. Make Ethics and Transparency the Number One Priority
- 2. Focus on the Project Vision
- 3. Encourage Transformation through Innovation and Advancement
- 4. Set up a Partnering Environment
- 5. Provide Your Teams with Unlimited Moral Support
- 6. Encourage Out-of-the-Box Thinking
- 7. Empower the People
- 8. View Political Problems as Challenges and Opportunities
- 9. Build Teams That Are Lasting and Effective
- 10. Create an Environment Where Transformation and Change Can Occur with Minimal Contest or Obstruct
- Summary
- Ethical Considerations
- Discussion Questions
- References
- Appendix
- Glossary
- Abbreviations and Acronyms
- Index
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- Höfundur : 11368
- Útgáfuár : 2013
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